I recently pointed to a helpful talk by Greg Forster to highlight how understanding economics is essential for developing a holistic theology of work, vocation, and stewardship. Economics connects the personal to the public, and prods our attentions and imaginations to the broader social order. In doing so, it alerts us to a unique and powerful mode of Christian mission.
In his latest book, Flourishing Faith: A Baptist Primer On Work, Economics, And Civic Stewardship, Chad Brand expands on this point, listing five reasons why pastors and seminaries (and thus, lay people) would do well to dig deeper into the realm of economics. (The following titles are paraphrased summaries, with the corresponding text pulled directly from Brand.)
1. The Bible Deals with Economic Issues
First, the Bible deals with economic issues…It addresses matters of stewardship of our world (Gen. 1–3; Gen. 9:1–7), of God’s ownership of creation (Matt. 6:25–30; Col. 1:16–20), and of economic shalom (Lev. 25:1–55; Acts 2:42–47; 2 Thess. 3:6–10), and other important issues given more detailed discussion in [this book].
2. Economics Helps Us Understand the Public Square
Second, an understanding of economics and especially of political economy can help us understand what is going on in the world around us. The general election…is impossible to follow without some understanding of the implications of Obamacare and its impact on Medicare, the federal deficit, and the long-term effects of continued deficit spending. The posturing on the part of Republicans and Democrats sometimes seems like little more than rhetoric, but the one who understands what is really at stake can help lead people to a better understanding of their responsibility in the public square.